Global Aquaculture Products Market 2020 (Includes Business Impact of COVID-19)

                                          
“Global Aquaculture Products Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by Trusted Business Insights. the global aquaculture products market is segmented on the basis of rearing product type, species, culture, and region.

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Global Aquaculture Products Market: Overview

Aquaculture is also known as aquafarming, which is farming of aquatic plants and fish, crustaceans, mollusks, and other aquatic organisms. Such farming is done to develop aquaculture products for the different sector including food & beverage industry. Aquaculture products are used for the betterment of aquafarming practices including maintenance of ponds and feeding, and cleansing of farms through chemicals.

Global Aquaculture Products Market: Dynamics

Growth in the aquaculture industry is a key factor expected to drive the growth of the target market. In addition, increasing consumption of seafood among individuals worldwide, coupled with rising demand for fish oil in various industries such as food, healthcare, dietary supplement, and pharmaceuticals are some of the factors expected to boost growth of the target market. Moreover, government commitment and support is one of the major factor expected to fuel growth of the target market. Furthermore, technological advancement for off-shore and open ocean aquaculture, giving a new way for growth of the target market.

However, overfishing along with the harmful impact on the environment are some of the major factors that may hamper growth of the global market to a certain extent.

The recent trend observed in the target market is ongoing advancements in aquaculture further enhance the productivity and efficiency of the aquaculture industry.

Global Aquaculture Products Market: Segment Analysis

Among the rearing product type segments, the equipment segment is expected to account for significant revenue share in the global market. The equipment segment includes containment equipment, water pumps and filters, cleaning equipment and feeders, water circulation and aeration equipment.

Among the species segments, the aquatic plant's segment is estimated to account for major revenue share and is projected to maintain its dominance over the forecast period.

Among the culture segments, the freshwater segment is expected to hold significant revenue share in the global market over the forecast period.

Global Aquaculture Products Market: Regional Analysis

The market in the Asia Pacific is expected to account for the major share in terms of revenue as compared to other regions. This can be attributed to rapid adoption of advanced and innovative technologies for aqua farming in countries in the region. In addition, significant availability of land for aqua farming, suitable weather conditions, and low labor cost are some factors expected to propel growth of the target market over the next 10 years.

The markets in North America and Europe is expected to account for a considerable share in terms of revenue over the forecast period, owing to growing food & beverage sector in the region.

Global Aquaculture Products Market Segmentation:

Segmentation by Rearing Product Type:

Equipment (Water Pumps and filters, Cleaning equipment, Feeders, and others)
Chemicals
Pharmaceuticals
Fertilizers

Segmentation by Species:

Aquatic Plants (Seaweeds, Microalgae and other aquatic plants)
Aquatic Animals (Finfish, Crustaceans, Mollusks)

Segmentation by Culture:

Freshwater
Brackish water
Marine